Swain, Allegany County, New York Property Taxes

Name: Property Tax Bills Across Swain, Allegany County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Swain, NY effective property tax rate: 4.39%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Swain, NY home value: $66,600
Median annual Swain, NY tax bill: $2,870, $470 higher than the national median property tax bill of $2,400.

How are property taxes in Allegany calculated?

Property taxes in Swain, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Swain’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Swain, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Swain, Allegany County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

4.39%

Estimate Property Tax Bill

$2,924

$2,713

Ownwell’s Swain Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Swain with just two data points. By entering your property's estimated assessed value, our calculator applies Swain’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Allegany. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Swain, Allegany County, New York

Local government entities set property tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process involves votes and laws to set tax rates and budgets annually.

In Swain, located in Allegany County, New York, the effective property tax rate stands out when compared to other cities within the state. The median property tax rate in Swain is substantially higher than both the New York state median and the national median of 1.02%. This significant difference highlights the unique property tax landscape in Swain, influenced by local budgetary needs and property values.

Property owners in Swain face property tax bills that reflect this elevated rate, which can be a substantial financial consideration. Understanding these tax dynamics is crucial for property owners seeking to manage their expenses effectively. By comparing Swain's property tax rates with broader state and national figures, property owners can gain valuable insights into their tax obligations and explore potential avenues for appeal or exemptions.

Property Tax Rates Across Swain, Allegany County, New York

Source: Ownwell

2.99%

3.85%

4.71%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Swain Tax Rate

4.39%

Median Effective Allegany County Tax Rate

3.64%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Swain, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14884	4.33%	4.33%	4.39%	4.39%	4.44%

Source: Ownwell

Property Tax Assessment Values Across Swain, Allegany County, New York

When examining property taxes in Swain, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Allegany County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Allegany County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Swain. For example, the median home price in Swain is $66,600, with tax bills ranging significantly across the county. 14884 has the highest median home price at $66,600.

Property Tax Assessment Values Across Swain, Allegany County, New York

Source: Ownwell

$46,700

$83,018

$119,336

Median Swain Market Value

$66,600

Median Allegany County Market Value

$72,000

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Swain, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14884	$23,380	$45,150	$66,600	$91,050	$125,020

Source: Ownwell

Property Tax Bills Across Swain, Allegany County, New York

In Swain, located in Allegany County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in Swain face a median property tax bill of $2,870, which is notably higher than the national median of $2,400. This bill is determined by several factors, including the property's assessed value, which is influenced by the local real estate market and any improvements made to the property. The tax rate is set by local taxing authorities and can vary annually. For homeowners, these tax bills can represent a significant financial burden, especially when the assessed values increase or local tax rates rise.

Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing your property’s assessment and identifying discrepancies, Ownwell can potentially reduce your tax bill. Their expertise in navigating the appeals process ensures that homeowners pay only their fair share, offering relief and significant savings on property taxes.

Property Tax Bills Across Swain, Allegany County, New York

Source: Ownwell

$1,742

$3,640

$5,538

Median Swain Tax Bill

$2,870

Median Allegany County Tax Bill

$2,710

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Swain, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14884	$1,039	$1,989	$2,870	$3,943	$5,405

Source: Ownwell